464 King Street, Newcastle NSW      
         

 

 

 

 

 

 

 

 

 

PROPERTY DESCRIPTION

This property is situated at the northern alignment of King Street, between the intersections of National Park Street & Steel Street, in Newcastle West Business precinct, directly opposite “King Marketown” shopping complex.

The property comprises an irregular shape land holding with a single to double level office building, with frontage to King Street, currently divided into six suites.

The building is leased over various lease terms to a number of NSW government agencies, and a private tenant. We are negotiating with another NSW government agency to lease the current vacant space (1318m2).

 

 
 
Address:
  464 King Street, Newcastle NSW
 
Property Description:
  A single to double level office building, with frontage to King Street, currently divided into six suites.
  Zoning:   City Centre
  Site Area:   4,584m2 (approximately)
  Net lettable area:   3,900m2
  Net Rental :   $1,087,560 (approx)
  Valuation:   $8M (Dec '10)
 
Tenant:
  Health Supports: 3 years + 2yr option. 1 Mar '09 - 28 Feb '12